AOA to TRY

AOA - Angolan Kwanza (Kz)
TRY - Turkish Lira ()
1 AOA1 TRY

Currency conversion rates from AOA to TRY

AOATRY
1 AOA1 TRY
5 AOA5 TRY
10 AOA10 TRY
20 AOA20 TRY
50 AOA50 TRY
100 AOA100 TRY
250 AOA250 TRY
500 AOA500 TRY
1000 AOA1000 TRY
2000 AOA2000 TRY
5000 AOA5000 TRY
10000 AOA10000 TRY
TRYAOA
1 TRY1 AOA
5 TRY5 AOA
10 TRY10 AOA
20 TRY20 AOA
50 TRY50 AOA
100 TRY100 AOA
250 TRY250 AOA
500 TRY500 AOA
1000 TRY1000 AOA
2000 TRY2000 AOA
5000 TRY5000 AOA
10000 TRY10000 AOA

AOA - Angolan Kwanza (Kz)

Angolan Kwanza

The Angolan Kwanza (AOA) is the currency currently used in Angola. The Kwanza was introduced in 1999, replacing the "Kwanza Reajustado" (AOK).  AOA is subdivided into coin denominations of 100 centimos, and is denoted by the symbol Kz.

The Angolan Kwanza is the currency in Angola (AO, AGO). The symbol for AOA can be written Kz. The Angolan Kwanza is divided into 100 lwei. The exchange rate for the Angolan Kwanza was last updated on May 24, 2019 from Yahoo Finance. The AOA conversion factor has 5 significant digits.

Economy

  • Angola is rated as one of the fastest-growing economies in the world.
  • The Angolan GDP in 2010 had an average growth of 11.1%.
  • The country’s main resources are gas, oil, agriculture, and diamonds.
  • There is mismanagement and corruption in the oil industry, which prevents the economy from growing at a faster rate.
  • Angola imports vehicles, food, medicine, electrical equipment, machinery, and military goods.
  • Export goods are mainly petroleum, crude oil, fish, coffee, diamonds, cotton, and timber.
  • The current inflation rate is 13.1%.
  • A third of Angola’s population is reliant on agriculture. Although the country is showing substantial growth, it still has a great deal of poverty, due to the civil war that waged from the 1975 to 2002.

    History

    • From 1977 to 1990, the Kwanza (AOK) was in circulation at a rate of 1 Kwanza = 1 Escudo.
    • In 1990, the Novo Kwanza (AON) was introduced at a rate of 1 Novo Kwanza = 1 Kwanza.
    • From 1995 to 1999, the Kwanza Rejustado (AOR) was in circulation. 1 Kwanza Reajustado = 1,000 Novo Kwanzas.
    • Since 1999, the new Kwanza (AOA) has been in circulation. 1 Kwanza = 1,000,000 Kwanza Reajustado. The 50 and 10 centimo denominations are no longer in circulation.

      More information about AOA - Angolan Kwanza (Kz)


      TRY - Turkish Lira (TL)

      The Turkish lira, usually abbreviated as TL, is the official currency of Turkey and the Turkish Republic of Northern Cyprus. Its symbol is ₺ and its official currency code is TRY. The most popular lira exchange is with the euro. The lira has 6 significant currency conversion factor digits, and is considered fiat currency. It’s the 16th most traded currency in the world by value.

      The Turkish Lira is the official currency of Turkey. It is subdivided into 100 kurus. All the notes and coins have portraits on the obverse side of Mustafa Kemal Atatürk at different points of his life since the 1930s. The Central Bank of Turkey is holding a contest to find a new currency sign.

      The Turkish Lira is the currency in Turkey (TR, TUR), and Northern Cyprus. The Turkish Lira is also known as the Yeni Turk Lirasi. The symbol for TRY can be written YTL. The Turkish Lira is divided into 100 new kurus. The exchange rate for the Turkish Lira was last updated on May 24, 2019 from Yahoo Finance. The TRY conversion factor has 5 significant digits.

      Economy

      • Turkey has a well-developed economy. It is among the world’s leading producers of agricultural products, textiles, motor vehicles, ships and other transportation equipment, construction materials, consumer electronics, and home appliances.
      • In recent years, Turkey’s private sector has been growing rapidly, but the state still plays a major role in industry, banking, communications, and transport.
      • Turkey has the world’s 15th largest GDP-PPP and the 17th largest nominal GDP. The country is a founding member of the OECD (1961) and is one of the G20 major economies (1999).
      • The World Bank classifies Turkey as an upper-middle income country in terms of its per capita GDP in the year 2007. According to a survey by Forbes magazine, Istanbul, Turkey’s financial capital, had a total of 28 billionaires as of March 2010 (down from 35 in 2008), which ranks it 4th in the world behind New York City (60 billionaires), Moscow (50 billionaires), and London (32 billionaires).
      • Turkey has had high inflation rates compared to other developed countries, but has never experienced hyperinflation.

      History

      • Because of chronic inflation in Turkey from the 1970s to the 1990s, the Lira depreciated greatly in value.
      • In the last few years, the Turkish Lira has stabilized and even risen against the US Dollar and the Euro.
      • The Lira had slid in value to such an extent that, before the 2005 revaluation, one original gold Lira coin was worth approximately 120,000,000 Lira.

      More information about TRY - Turkish Lira (TL)